EATA arrow indicator: compilation of two oscillators
EATA arrow indicator are calculated using RSI and CCI indicators. A fast RSI indicator is used instead of the usual RSI indicator.
The difference is that in the normal RSI oscillator its value is counted using the exponential method, while the fast one uses a simple ratio.
The intersection of red and blue lines of the indicator are signals to buy or sell. For the trader's convenience, the indicator also displays buy and sell signals in the form of green and red arrows. The green arrow is a signal to buy and the red arrow is a signal to sell.
EATA arrow indicator settings:
- CCI_per (default = 14) — период расчета индикатора CCI;
- RSI_per (default = 14) — период расчета индикатора RSI;
- Ma_Period (default = 2) — период расчета индикатора Moving Average;
- koef (default = 8) — количество баров, используемое для расчета индикатора.
The experts of fortrader.org think that the EATA Arrow Indicator should not be used as a self-sufficient source of trading signals. It would be much more effective to use it as a part of trend trading strategies as a filter or a set of indicators to determine the point of entry into the market.
Other signal and arrow indicators
Ув. г-н Индюк, ну хоть на тестере это «чудо» можно было прогнать? Пикассо отдыхает.
When you install it on the chart beautifully draws the story, and then silence. When switching back and forth between the TF, it draws the missed.